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A residence has a living area measuring 42ft by 38ft and a garage that measures 24ft by 22ft. An appraiser feels that today's cost to reproduce the living area would be $63.00 psf and to reproduce the garage would be $19.00 psf. The home, which is 5 years old, is estimated to have a useful life of 50 years. Based on this info, what is the depreciated cost of the property?
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